LCI Industries (NYSE:LCII) Given Average Recommendation of “Hold” by Analysts

Shares of LCI Industries (NYSE:LCII) have been given a consensus rating of “Hold” by the eight ratings firms that are presently covering the company, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $128.50.

Several equities research analysts recently weighed in on LCII shares. Loop Capital reissued a “hold” rating and set a $149.00 price target on shares of LCI Industries in a research report on Thursday. Weiss Ratings reiterated a “hold (c)” rating on shares of LCI Industries in a research note on Thursday. Wall Street Zen raised LCI Industries from a “buy” rating to a “strong-buy” rating in a report on Friday. Roth Mkm boosted their price target on LCI Industries from $100.00 to $110.00 and gave the stock a “neutral” rating in a research note on Monday, November 3rd. Finally, Zacks Research cut LCI Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 2nd.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Arizona State Retirement System grew its position in shares of LCI Industries by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 7,468 shares of the company’s stock valued at $696,000 after acquiring an additional 103 shares during the period. Covestor Ltd lifted its position in LCI Industries by 10.4% during the third quarter. Covestor Ltd now owns 1,261 shares of the company’s stock valued at $118,000 after purchasing an additional 119 shares in the last quarter. GAMMA Investing LLC lifted its position in LCI Industries by 17.1% during the fourth quarter. GAMMA Investing LLC now owns 947 shares of the company’s stock valued at $115,000 after purchasing an additional 138 shares in the last quarter. SageView Advisory Group LLC grew its holdings in LCI Industries by 6.3% during the second quarter. SageView Advisory Group LLC now owns 2,445 shares of the company’s stock valued at $241,000 after purchasing an additional 145 shares during the period. Finally, California State Teachers Retirement System increased its position in LCI Industries by 0.7% in the second quarter. California State Teachers Retirement System now owns 23,483 shares of the company’s stock worth $2,141,000 after buying an additional 159 shares in the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

LCI Industries Price Performance

LCII opened at $147.06 on Friday. The firm has a market cap of $3.56 billion, a PE ratio of 20.57 and a beta of 1.31. The stock has a 50-day moving average price of $123.09 and a 200-day moving average price of $107.21. LCI Industries has a 1 year low of $72.31 and a 1 year high of $151.85. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.78 and a quick ratio of 1.28.

LCI Industries (NYSE:LCII) last released its quarterly earnings data on Thursday, October 30th. The company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.53. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $963.96 million. LCI Industries had a net margin of 4.49% and a return on equity of 12.60%. LCI Industries’s revenue was up 13.2% compared to the same quarter last year. During the same period last year, the business earned $1.39 EPS. Sell-side analysts predict that LCI Industries will post 6.76 earnings per share for the current fiscal year.

LCI Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, November 28th. LCI Industries’s dividend payout ratio (DPR) is presently 64.34%.

About LCI Industries

LCI Industries is a publicly traded manufacturer specializing in engineered components and systems for the recreation vehicle (RV), marine and housing industries. The company develops and supplies a diverse range of products designed to enhance comfort, convenience and functionality in mobile and leisure applications. LCI Industries serves original equipment manufacturers (OEMs) and aftermarket customers throughout North America.

The company’s core offerings include power conversion and control systems, slideout mechanisms, entry and docking products, seating and furniture solutions, as well as window and door assemblies.